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How to prepare your house for sale?

Getting your house ready to sell can be a daunting task and one that feels strange at first.

When you’ve lived somewhere long enough to think of it as home, it can be difficult to start getting it ready for somebody else, even if you’re looking forward to moving.

Preparing your house for sale needn’t be stressful, though, and clearly defining your goals can help to simplify the work.

Let’s look at how to prepare your house for the market.

How to prepare your house for sale?

There is no specific way to make your house ready to sell, and you might find that your house is ready to go as it already is. The preparation needed will differ from situation to situation – you might just be getting ready to sell when a burst pipe causes water damage and sets you back somewhat – but there are some generally good ideas to consider before putting your house on the market.

Declutter

Just how much you choose to do this is up to you. For some, it feels great having their home contents organised and reduced. Others might feel like they’ve stripped the soul out of their house and made it less of a home. In any case, it’s worth remembering that buyers will have an easier time visualising themselves living in a new house without so many of the current owners’ things about the place.

Preparing your house for sale is also an opportune time to visit the local waste centre to recycle or dispose of anything you don’t intend to take with you. Clothes and toys can often take up the most room in a family home, and these are things that charity shops will gratefully accept as donations.

Freshen up rooms

It’s impossible to know what our houses smell like when we spend so much time in them. Nose blindness is a natural reaction of our bodies to smells we are around constantly, and even the strong smell of pets, shoes, and food can no longer register in our senses. Strong odours can easily impact the first impression and leave visitors with a negative opinion.

Opening doors and windows a healthy time before showings can freshen up rooms, flushing away humidity and excess warmth, as well as carrying away stale odours. A houseplant or two can oxygenate rooms and help add to the impression of ‘freshness’.

Research has shown that houseplants engage the senses, bringing people into the current moment – something that may help in subtle ways when people are trying to take in a new setting and imagine it as theirs.

Do some (simple) housekeeping

You can do a lot to improve your home in just an hour’s time. Replace any worn-out lightbulbs, mow the lawn and remove weeds, and wipe off surfaces that are prone to dust like plastic-cased electronics.

Wiping these surfaces with something like a tumble dryer sheet can reduce static and lessen the return of dust once you’re done.

If you can spare the money, it may be worth having the boiler serviced or having the windows cleaned professionally. These can help show the buyer you care about the property and prove that it’s been in good hands.

Remove as many distractions as possible

If possible, consider having pets and children out of the way when potential buyers come to see the house. This not only gives visitors space to think and take in their surroundings but also allows you to give them your attention. You can have a proper discussion with buyers and answer their questions without having to divide yourself.

Alternatively, if your estate agent is happy to handle all the viewings, you and the family can plan some time out of the house as these take place.

How much should I spend on preparing my house for sale?

A good first impression will go a long way with many buyers, but you don’t need to start paying out for a full makeover.

A good cleaning and decluttering are arguably the most important steps you can take to help your house sale along. Buyers are likely to have their own plans for when they move into a new property, so you don’t necessarily need to repaint and redesign your whole interior.

Generally, the most money you really need to spend on preparing your house for sale will be on some simple items like crack filler and paint to cover scuffs or small bits of cosmetic damage to walls, skirting boards, and the like.

If you’re starting to look at trader quotes simply out of fear that your house might not sell as well, it may be time to take a step back and consider how much you really need to do.

Something like a boiler service varies in cost from a company to company and depending on your location (London being more expensive) but expect to pay between £80 and £120.

Annual services are recommended on boilers, so taking care of this on behalf of the next buyer might be a nice gesture, as well as proving the heating system is in good condition.

How do I know my house is ready to sell?

If you’re unsure how much your house might need in terms of help before a house sale, why not ask a local estate agent to give their expert opinion and get some advice?

You may find that your house is actually in more of a ready-to-sell state than you originally thought.

Selling a house with Mistoria Estate Agents Worsley

If you’ve got a house for sale in Worsley or the surrounding areas, our team can help you every step of the way.

From valuation and marketing through to the final sale, we use our local knowledge and expertise to sell your home quickly and for the right price.

To find out more about our services, call on 0161 790 3999 or contact us today.

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Best places to buy or rent a house in Worsley

Planning to purchase a family home in Worsley, or maybe you want to rent a place that’s close to Manchester city centre without the hustle and bustle of a lively big city? Whatever your reasoning for choosing the wonderful Worsley as the place put down some roots, we’ve found out everything you could want to know about this picturesque place.

Worsley area guide

As of 2014, Worsley had a population of just over 10,000 people, making it a fairly small and pleasantly quiet spot on the outskirts of Greater Manchester. Known for its scenic walks featuring the unmissable Bridgewater Canal, it boasts plenty of greenery and is regarded as an incredibly attractive location – especially for avid runners and dog walkers.

What is Worsley like to live in?

A fairly affluent area, Worsley has built a reputation for itself as a clean, friendly and safe location. Ideal for families big and small, this scenic area boasts a fantastic community. Not to mention, just over 20 minutes is all it takes to reach the heart of Manchester, making Worsley the perfect base for a wide range of buyers and renters.

Property prices

Like any property, the exact property price (whether it’s being sold or let) will depend on much more than just the address. This includes everything from the condition of the property and the quality of the finish to the number of bedrooms and bathrooms. However, we have sought out the average house prices for both sellers and renters below to give you an idea of how much properties in Worsley really cost.

Property prices for buyers

Searching for houses for sale in Worsley? According to Rightmove, properties for sale in this area had an overall average price of £283,510. If you’re looking for a terraced property, you can expect to spend roughly £194,927. More interested in a semi-detached place? Then £256,511 is the average price in Worsley for this type of property, while detached equivalents can be attainted for around £448,425.

Property prices for renters

Looking for houses to rent in Worsley instead of buying? Based on research carried out by Home.co.uk, the average monthly (pcm) rental price for a Worsley property is £1,393. The most notable difference is between flats and houses. To rent a Worsley flat, you’ll be looking at roughly £788pcm, while a house in the same area fetches £1,494pcm on average. For a two-bedroom property, you can expect to spend around £968pcm, while a five-bedroom home is set at around £1,995pcm.

Schools

The vast majority of schools in Worsley have received an Ofsted rating of either ‘Outstanding’ or ‘Good’, ensuring this peaceful village receives an overall high standard of schooling. To find out more about catchment areas and the criteria needed to enrol children in various Worsley schools, it’s well worth reaching out to a local letting/sales agent (like ourselves) or getting in touch with the school themselves.

Amenities

Featuring plenty of extensive nature reserves and woodlands, Worsley is just as well-known for its wide selection of eateries. Boasting both traditional pubs serving comforting British fare and sophisticated restaurants offering irresistible Italian dishes, there’s a place for every kind of diner. Complete with boutiques and handy convenience stores, there’s a great mix of practical, leisurely and hospitality amenities.

Nearby towns of Worsley

If you like the Worsley area, but want to expand your search for the perfect property, then why not explore towns just outside? With plenty of fantastic locations in the Greater Manchester area, it’s the perfect hub for families with ties to both Worsley and Manchester city centre. We take a look at some of the most popular places located just outside of Worsley below!

Swinton

With a slightly larger population than Worsley, Swinton is a beloved and easily-accessible town in the City of Salford. Boasting two railway stations, an impressive selection of well-rated primary schools and just as many churches, this family-centric town is perfect for couples looking to settle down.

Ellenbrook

A suburb of Worsley located in the City of Salford, Ellenbrook is another popular location for couples looking to start a family, thanks to its quiet streets and small population. Benefitting from a church and a couple of pubs and takeaways, a doctors’ surgery and a pharmacy, Ellenbrook is a well-equipped but smaller alternative to Swinton and Worsley.

Eccles

Featuring great public transport links, several well-maintained public parks and highly-rated schools, Eccles is both an accessible and popular place to put down roots. Now complete with new developments that have been added in recent years, Eccles is a great location to start your Greater Manchester property search.

Monton

A suburb of Eccles, Monton is known as a particularly desirable area of the City of Salford. Bursting with an assortment of cafés, restaurants, shops and pubs, there’s no shortage of places to dine and enjoy. While Monton is no longer served by its own railway station, the residents can enjoy the handy bus service.

Boothtown

Located on the border of the City of Salford, Boothtown is a quiet town with a thriving community. While it doesn’t benefit from a tram or railway station, a bus route that heads straight into Manchester city centre can be easily accessed from the neighbouring location of Ellenbrook. It features many eateries and provides residents with the opportunity to take pleasant walks along The Bridgewater canal.

Need help with your Worsley property search?

Looking for some of the best estate agents in Worsley? If you require additional help finding the perfect property in Worsley and the surrounding areas, then please don’t hesitate to reach out to the highly-experienced and knowledgeable team at Mistoria Group Worsley today! We have plenty of in-depth local knowledge of the Greater Manchester area and specialise in both letting and sales to ensure we can find the perfect pad for buyers and renters alike. To find out more about our services and our unparalleled customer support, you can either give us a call on 0161 790 3999, send us your enquiry in an email to worsley@mistoria.co.uk or come see us in person at our Worsley branch located on Memorial Road. However you decide to get in contact, we can provide expert advice and guidance to make finding your next home the exciting and enjoyable experience that it should be.

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What fees do you pay when selling a house?

house sales

Selling a house can and should be a highly profitable move, but that doesn’t mean there aren’t certain costs that will arise before that profit makes its way to you.

House sales can be complicated and multifaceted, and there are a lot of reasons you may need to draft in help from various sources to see your house sold into new hands.

That’s not to say you need a lot of third parties involved in your house sale; just the right people, and for the right prices.

So, what fees can you expect to be charged when selling a house?

Does it cost anything to sell a house?

Almost every instance of a house sale will involve a fee for the seller in some form or another.

Relative to the potential profit of selling your home, these are often nothing to worry about, and in the case of estate agents’ fees they may not even apply until the house has actually sold.

Hopefully, the valuation of your house projects a profitable sale, and though there will be fees and possibly tax to pay, your sale should be a net profit and the costs involved will be minor expenses.

What do I need to pay when selling a house?

Different sellers will take different approaches to the sale of a property. Talk to one seller and they might grimly recall the cost of paying upfront for a service that another seller didn’t even know existed.

There are lots of directions your money can go when selling a house. Some of the most common include:

Estate agents

Perhaps the most obvious and commonplace source of fees to pay, estate agents are a non-negotiable necessity for many sellers. First-time sellers or people short on time and resources will especially want to consider the help of an estate agent, as an experienced pair of helping hands can mean the difference between a long and protracted fight to get rid of a property versus a smooth and organised sale.

If you dealt with estate agents when you first bought your house, you may find a very different interaction with the ones that help you sell your house, and a contrasting level of assumed responsibility through the process. After all, you don’t pay estate agent fees when buying a house – that falls on the seller.

As a seller, you can expect to typically pay a percentage of the house’s sale price. The general range of estate agent fees when selling falls between 0.75% and 3%+. Fee structures can vary, like 0.5% of the sale price combined with a small flat fee, or an overall flat fee for the services. It’s not uncommon to negotiate fees, and you may find that your chosen estate agent will be open to this.

It’s a good idea to try and secure a ‘no sale, no fee’ guarantee if that isn’t already an advertised policy of your agent. There are many reasons that your sale could need to be halted or postponed, and you don’t want to pay for services that ultimately didn’t lead to a sale – especially if an unforeseen circumstance is responsible for the cancellation.

For some estate agents, this is an unavoidable risk, as an upfront charge will be taken regardless of whether the services culminate in a sale or not. However, if you’re serious about the house sale, paying an estate agent to see it done right is a definite necessity.

Speak to your estate agent about their fees policy, and whether they’re willing to negotiate, or possibly explore the option to pay off the fees over time.

Energy Performance Certificate

The Energy Performance Certificate (EPC) is a certificate that gives an overall score lettered A – G (best to worst) for the energy usage of a property. It tells buyers at a glance how generally energy efficient a house is, and having a valid certificate is a legal requirement when selling a house.

Each certificate is valid for 10 years, and you can find out if your property is under a valid certificate via the GOV website. The cost of securing an EPC varies from £35 – £120, depending on the size and situation of your house. Buying an EPC in Swinton, for instance, will typically not be as expensive as for a home in London.

Many estate agents will secure your certificate for you as part of their services, but it’s worth knowing about the EPC all the same as failing to have one for your house sale can land you a £200 fine.

Remortgaging/Porting

If you’re moving home and need a mortgage on the new house, this will come with its own fees. Just how much you need to pay depends on how smoothly you come to an arrangement with your lender.

Porting is when a mortgage is moved from one property to another. Many mortgages are ‘portable’, and most lenders don’t have an upfront issue with the concept of porting. However, there can be frustrations to the process if circumstances are less than ideal.

If you’re earning less than you were at the time of your first application, or your circumstances have otherwise changed in a way that might be ‘riskier’ – for instance, you’ve had children or switched to work on a freelance basis – your lender might think twice about your new application.

A higher value property may also push you past the limit that your lender will allow you to borrow, and a second loan might be required to cover the difference. In this case, you’ll be paying an arrangement fee on this second loan, which could be a cost you hadn’t originally anticipated.

If you’re aiming to remortgage rather than port an existing mortgage, you will still need to account for the fees of application and a valuation by your new lender.

Capital Gains Tax

If you’re selling a house that doesn’t function as your actual home, you may be liable to pay Capital Gains Tax. If your taxable gains from selling a residential property fall above your annual exempt amount of £12,300, you’ll need to pay the tax at a rate of 18% for basic rate income tax payers, and 28% for higher rate taxpayers. This is 10% and 20% respectively for property that is not residential in function.

With the average house sale price in Worsley falling around £358,657 for May 2021 – May 2022, Capital Gains Tax could be a sharp extra cost to be ready for a house sale.

If the house you’re looking to sell is not your home, work your projected profits out against these tax rates and get a firm idea of what you’re liable to pay against your house sale.

Conveyancing

Like estate agents, conveyancers aren’t a legal requirement to have on the side when selling a house. However, most people in the property will recommend that you use a conveyancer due to the complicated legal matters involved in transferring a property from one party to another. For properties that have any deviations from the norm, such as existing covenants, this is especially true.

Conveyancers ensure that all the legal paperwork is filed, all the boxes are ticked, and that everything is above board and the transaction is protected in all the necessary ways. For sellers, conveyancing is more straightforward than buying, but it still demands that you pay for the help of your chosen conveyancer.

For selling a straightforward freehold property, you can expect to pay in the region of £600 – £900 for the services of a conveyancer.

Anything extra

Part of selling a house, particularly one that’s been lived in or neglected for some time, is usually tidying things up to get it ready for viewings and photos being taken. This could be as simple as filling in some holes and painting over them, or it could be necessary repairs and structural remedies like redoing insulation, eliminating damp, or repairing the roof.

There might be a removal company to hire, extra keys to be cut, locks to be changed, or a necessary boiler service; the extra cost accrued for various tasks will vary from seller to seller, but any of these added expenses need to be factored into the overall cost of selling your home.

If a survey carried out on behalf of the buyer unearths problems to be solved, they may want to negotiate a lower price for the property. Whilst not directly a fee that you’re paying as a seller, it’s a reduction of profit that, for all intents and purposes, represents the same thing.

How can I pay less for selling a house?

It’s perfectly understandable to want to sell a house while cutting down fees as much as possible. While only possible to a certain degree, depending on your house and its location, there are ways to pursue a cheaper house sale.

First, it’s worth browsing at least a few estate agents to compare quotes and services. Some agents will offer attractive perks like a free property valuation or may possess a better knowledge of the local area. These factors can be weighed against cost and might result in a better sale price for your house.

Some sellers may be tempted to forgo the use of an estate agent at all, and instead sell their home themselves. While this is a choice that sellers are free to make, it means missing out on the knowledge, experience, and honed resources that estate agents take advantage of to achieve house sales. Missing out on these advantages shouldn’t be taken lightly, and for the sake of a slight dip into your net profits, estate agents should always be considered.

You may be able to write off the cost of certain factors by negotiating with your estate agents concerning their fees, negating the cost of a new EPC, or freeing up a little cash for a fresh coat of paint in the living room.

Certain fees can be reduced or eliminated completely by doing some extra work yourself or with the help of friends and family. Hiring or borrowing a van to move property out of a house yourself can save a handsome amount over paying professional movers, for instance.

Some fees, however, will be unavoidable. If your sale and personal circumstances fall within the borders of Capital Gains Tax, then you’re obligated to pay it.

Selling your house with Mistoria Estate Agents Worsley

Whether you’re a first-time seller or are more experienced and have been through the process before, Mistoria is the perfect partner. Our team has an excellent working knowledge of Worsley as well as Little Hulton, Walkden, Boothstown, Ellenbrook, Swinton, Pendlebury, Salford, Eccles, Ellesmere Park, and Monton. We can ensure that your house sale is a simple, happy, and profitable experience. To learn more about our expert property services, please get in touch today or call our office on 0161 790 3999.

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Managing HMOs for landlords

Managing HMOs for landlords

HMOs – or houses in multiple occupation – can be fantastic investments when managed wisely.

They can demand many times the attention of a typical rented property, and for that reason it’s not uncommon for landlords to seek help managing them.

But what actually goes into the management of an HMO, and why might a landlord want to seek this help rather than simply doing it themselves?

What is HMO management?

HMO management is, quite simply, the management of an HMO property. In the context of HMO management as a service, this is done on behalf of a landlord to save the time and attention they would otherwise need to dedicate to the HMO and its tenants.

This can sound like an impersonal or dismissive stance on the surface, but HMO management is often a wise and well-placed decision for a landlord to take. Landlords who have many other properties to manage, or other demands such as a full-time job, often cannot dedicate the appropriate time to an HMO.

Since an HMO is partly defined by the presence of at least three occupants who aren’t from the same household, any HMO property is going to involve a minimum of three separate tenancy agreements. That is in addition to managing the tenants themselves – for example, their needs as residents and the necessary admin – and the all the usual business of letting a property responsibly such as organising gas safety checks and ensuring good maintenance.

HMOs can be seen as a greater fire risk than standard residential properties, meaning there will be more cost to sink into safety measures like smoke alarms, fire safety doors (for the increased number of rooms), and other equipment like fire extinguishers.

HMO management can also involve needing to manage disputes within the HMO itself if problems arise between tenants. This can be common for any group of people sharing a living space, so landlords may find their skills in diplomacy and mediation being tested in situations that don’t have clear answers or resolutions.

More tenants mean greater use of facilities, which can lead to more frequent and costly maintenance of appliances, communal areas, and gardens. While there is some responsibility on tenants to keep the property clean and in good condition, that ultimately extends only as far as their agreement states, and in situations where every tenant leaves at once – such as may be the case in student HMOs – this leaves you, the landlord, with the task of tidying up in their wake.

HMO management is undoubtedly much more complex than standard property management due to the number of involved parties. Dealing with multiple tenants within a single property means many more opportunities for challenges and complications to arise, which can quickly tax a landlord’s energy when they compete with other demands for time and attention.

Do estate agents manage HMOs?

Yes. Estate agents are a great option for landlords who need help managing their HMO properties. In fact, estate agents can lend their services from the very first day, sourcing tenants and dealing with the necessary referencing to get an HMO filled as smoothly as possible.

Once tenanted, estate agents can provide ongoing HMO management to ensure that resident queries are answered and dealt with promptly. This can be vital in the case of emergency situations like boiler failure or serious property damage that needs fast repair. In such cases, a quick conversation between landlord and agent can set up the resolution and lead to fast action.

Left solely in a landlord’s hands, this would leave one person to ascertain the issue, seek out tradesperson quotes, and book the work as fast as possible. Estate agents have the advantage of working closely with local traders like plumbers and builders, forming strong and reliable working relationships that mean situations are resolved quickly.

Estate agents can also provide landlords with advice to build their experience and fill in knowledge gaps. This means that while property investors have their burdens lightened with active help in the management, they are also building a strong base of knowledge and experience to help them make future investments wisely.

For those unsure if property management for an HMO would be a good choice, it’s always best to open a dialogue with a local estate agent and talk to them about their services. Find out what they already manage and what their chosen approach to property management entails.

HMO Property Management in Worsley

Worsley’s property market is a strong one, buoyed by outstanding schools, gorgeous rural walks, and cosy pubs. HMOs in this part of the country can be incredibly profitable as these rental properties are an attractive option compared to high house prices.

However, your HMO will need good management to thrive in Worsley. Our experienced team knows the local postcode inside and out, and with strong ties to the surrounding area – as well as colleagues in the nearby Salford office – we know exactly how to make your professional HMO property a success.

Mistoria Estate Agents is one of the leading estate agencies in the North West. Our award-winning work has made us a premier choice for property investors and landlords who want to see the best returns from their properties.

As members of the National Landlords Association (NLA) and under regulation by the Association of Residential Letting Agents (ARLA), we follow best business practices for an ethical and trustworthy service. Let our knowledge and experience ensure the best returns on your HMO property investment in the fantastic area of Worsley.

To learn more about our fantastic HMO management services, contact us or call 0161 790 3999 today.

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Step-by-step guide to selling your home

Guide to selling your home

Selling your home should be an exciting time. It could represent the switch to a fresh new property, a chance to make a profit on a home you no longer need, or even the last thing you need to tackle before moving abroad.

Selling a property is no small feat, though. With potential tax to pay, conveyancing paperwork to wade through, and matters of any leftover mortgage payments to hash out with your lender, there can be a lot of steps to go through before your home moves into new hands.

What do I need to sell my house? A UK Checklist

Before taking the plunge into selling your home, it’s a good idea to sit down and make an outline of what you’ll need to consider.

This plan might include:

  • A timeline of where you need to be and when. If you need to sell your home in order to move into another one, there are other factors with the respective buyers and sellers forming the ‘chain’ that could impact how swiftly things move along for you.
  • Your current finances and if you need to borrow in order to sell. Though selling a home is usually profitable, it isn’t free. There’ll be fees and other costs to pay along the way, and preparing yourself for these can help you budget beforehand.
  • The state of your current mortgage and if you intend to move it. This is known as ‘porting’ a mortgage, and you’ll need to consult with your lender to ensure it can be done. It’s best to speak with your lender and fully explain what you intend so that they can explain what they need from you.
  • Deciding on the route you intend to take and whether it’s right for you. It’s not illegal to sell your own home privately, but it isn’t a path for the inexperienced. Estate agents can greatly help in the process of selling a home, and they know all the potential pitfalls and how to avoid them.

Working with estate agents often means the valuation and marketing of your property is handled as standard, and means putting these important tasks into experienced hands. Professional photographs, listing on property websites, and a descriptive write up of the property’s selling points to attract prospective buyers are all just some of the things that an estate agent will see to properly.

What are the steps to selling a house?

Once you have at least a general idea of the overall shape of your house selling journey, you can begin to act on it and start putting things into motion.

Take stock of your finances

Whilst you likely expect to make a substantial profit on selling your home, you’ll still need good finances upfront in order to pay for the various fees involved in estate agent services, solicitors, and any extra costs that occur like necessary repairs or safety checks.

If you still have an existing mortgage on the property, you’ll need to speak to your lender to see if there are going to be any charges for moving to another lender before the end of your three or five-year fix. Alternatively, you might be looking to port your mortgage to the new place.

Whatever the case, it’s vital you speak to your lender and let them know your intentions.

In summary:

  • Count up your current funds, what you expect to be coming in soon and what will need to go out.
  • Thoroughly review your spending and ensure you know of any payments yet to be taken or cleared – you don’t need a sudden council tax charge wiping out the money you set aside for a surveyor.
  • If possible, give yourself wiggle room to allow for slight variations in projected numbers.

Meeting with your estate agent

If you do enlist the help of an estate agent, work out fees and expected services before committing to the act of selling your home. This will help to set expectations, give you the amounts you need to factor into your budget, and avoid disagreements that might arise down the line.

Typical estate agent fees for selling a home lie around 1% of the home’s sale price plus VAT, though do bear in mind that agents in London are likely to be more expensive. As part of the Property Ombudsman, agents must give their fees based on the asking price of the property, but the commission you pay will be based on the actual selling price agreed. There should also be no fees to punish you for withdrawing your property from the agent, and it’s a good idea to establish whether the agent operates on a ‘no sale, no fee’ basis.

Be wary of hidden costs and ensure that you know exactly what you’re getting as part of the agent’s services. An initial ‘good’ price can sour once you realise that you’re paying extra for various parts that should be included in the overall service.

In summary:

  • Ask questions. Estate agents should be open with what’s included in their fees and what you can expect for enlisting their help.
  • Understand what you’ll be expected to pay and how much the contract might vary, for instance if a selling price different to the asking price is agreed.
  • Obtain a good grasp of average prices; if a price seems too good to be true, it probably is.

Obtain an Energy Performance Certificate

Before work can proceed, you’ll need to obtain an Energy Performance Certificate (EPC). Having one is a legal requirement in order to list your home for sale. The certificate is valid for ten years and will give your home a rating from A to G, A being the most energy efficient and G being the least.

If the property has a valid EPC, you won’t need to apply for one. The status of existing EPCs can easily be checked on the GOV website’s EPC register. If a new one is needed, your estate agent can normally handle applying for the certificate on your behalf. Chances are good that they’ll obtain this as standard, but it may be wise to just make sure this will be carried out.

The EPC gives buyers an idea of the property’s energy use and typical energy costs. For this reason, it must be ordered before the property is put to market and not simply left until later.

In summary:

  • Check whether your property has a valid EPC using the register. Previous owners might have already handled it.
  • The certificate lasts for ten years, after which point you need a new one. Estate agents can and often will handle this for you before listing the house.

Listing the home

Once all the groundwork has been done and everything is in order, it’s time to get the home listed and to wait for potential buyers to enquire. One essential question you will need to answer is how much you’re willing to sell for.

Valuations can give you some guidance in this, but ultimately you are the one who decides what the sale price should be, not the estate agent. Be wary that valuations are not always reflective of what people are willing to pay for a house in the area, nor do they convey the objective worth of a home.

To help you decide, it’s ideal to look at both the values and sale prices of nearby, similar homes in the area, and at the sale history of your home. Looking too far back will likely be pointless as fluctuations in the housing market have their own contexts and inflation makes it tricky to grasp different prices at different points in time, but collectively these should give you some idea of the trajectory of your home’s worth and where it may reasonably sit at the time you’re trying to sell it in.

And aside from talking it’s worth taking time to help make your home more attractive to buyers who will want to come and view it. De-weeding, cleaning, and decluttering will go a long way to increase a home’s ‘kerb appeal’.

In summary:

  • Decide how much you think your home should reasonably sell for using local knowledge and input from valuation. Bear in mind that you will likely get offers below the asking price.
  • Tidy your home and take little steps to make it presentable and appealing for viewings. Remember that prospective buyers will engage purely off what they can see before talking to you and asking questions about the home.
  • Remember that the listing price is yours to decide and it can be changed. If the asking price has little to no interest after a while, consider talking to the estate agent about lowering it.

Selling your home with Mistoria Estate Agents Worsley

Our experienced team can help you with every single aspect of selling your home, and we’ll always give you a fair and transparent price for our services. We’ll get your home on the market and represented to its very best so that both you and your buyer walk away happy.

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What property can I afford in the UK?

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Do you want to buy a house but don’t know if you have enough money for it? You’ve come to the correct place if you’re still unsure what property you could afford in the United Kingdom.

We’ll look at how far your house-buying budget may stretch based on your yearly income and savings in this section.

Mortgage lender Nationwide has confirmed that UK home prices are at a 17-year high! With skyrocketing inflation, ever-increasing energy costs, and rising interest rates, it’s no surprise that many potential buyers are asking if they can afford to buy a house right now.

Can I afford to buy a home?

When it comes to purchasing a house, many UK citizens will not have the full amount of money required to buy the average (as of January 2022) £274,000 property asking price in their bank account: this is where mortgage lenders come in.

A mortgage lender will frequently lend up to four to five times a borrower’s earnings in order to assist them to purchase a house rather than saving hundreds of thousands of pounds and living on beans on toast for five years.

Longer-term house purchases do not require a deposit, as long as you can satisfy the mortgage lender’s affordability criteria, which considers your planned expenditures and fees as well as your income. Deposits for houses are usually set at ten percent of the property purchase price depending on how much you can borrow.

For example, if you wanted to buy a home for £150,000 and had your heart set on it, you’d have to put down at least £15,000. As a result, your mortgage lender would need to give you (at least) the remaining £135,000 that you will subsequently pay back in monthly installments over a 25

What house can I afford on 30k+ a year?

Lenders typically allow borrowers to borrow up to four times their yearly income. So, if you make £30,000 a year, you might be given up to £120,000 in loans. However, this will rely on whether or not you fulfill other criteria established by the lender to analyze your capacity to make required monthly payments. Individuals earning £30,000 a year should be able to rent properties with an asking price of up to £132,000 when the deposit is combined with a 10% down payment of £12,000.

What house can I afford on 20k+ a year?

Those with an annual income of £20,000 will be able to acquire a home for around £80,000. However, with house prices continuing to rise in the UK, you may be wondering how much house you can afford with only £80,000.

What house can I afford on less than 20k a year?

Individuals earning less than £20,000 a year may face similar challenges to those who make more. Individuals with an annual income of less than £18,000 will only be able to borrow up to £72,000, for example. Buying a suitable home as an individual on less than 20k per year is not simple in the North East

You may also increase your chances of getting a mortgage by applying with a partner or family member. You could potentially double the amount of money that a mortgage lender is willing to offer you if they earn similar annual earnings.

How do you buy a house with a low income?

If you can’t get a joint mortgage, but you still need decent housing, the Government has several low-cost home ownership programs available to you. If you’re a first-time buyer and looking for new-build housing, loans for new homes are available.

If you’re eligible to receive an equity loan for a new-build home, you’ll be required to pay at least a 5% deposit of the property purchase price and arrange a repayment mortgage of at least 25%. This equity loan can cover anywhere from just 5% up to a more substantial 20% of the property purchase price. For London properties, this percentage is increased up to 40%.

Shared ownership, on the other hand, is fantastic if you don’t want to make a large investment or pay monthly mortgage payments for a suitable property. Instead of purchasing the full property, you’ll be able to purchase a portion of it (often 25%, 50% or 75%) and rent the rest instead of paying rent to the landlord.

Begin the search for your new home

Now you have an idea of what home you can afford based on your income and the present help-to-buy schemes offered by the Government, it’s time to start looking for a house – thrilling!

Fortunately, thanks to our simple search filters, looking for a new house has never been easier. You may also limit the minimum and maximum prices to ensure you see only properties that fit your budget while filtering out our available houses for sale by location.

Offering everything from trendy apartments to sprawling family homes, Mistoria Worsley has something to suit every potential homeowner. Explore our impressive selection of properties for sale today.